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One of the many recurring topics in my conversations wth accountants is their approach to quoting fees. Twice in the last week I have been asked my view on fee quotes sent out by accountants I am mentoring. They are not alone. I know from my webinars and group sessions that plenty of sole practitioners are frustrated by the same issue. In each of the most recent cases I noted that the accountants had made similar mistakes.
Excerpt of an article posted to the ARK Invest website on 7/15/22 According to the research of ARK Invest, during the next five years the auto industry as measured in units will grow, but as measured by enterprise value, it will shrink. In 2021, the number of light vehicles sold globally was 78 million and the enterprise value of automakers, roughly $3.5 trillion.
Employee documentation can help your company raise that next round of funding and mitigate any allegations of unfair employment practices. The post Employee Documentation: Tips & Examples to Save Your Startup Money appeared first on Burkland.
These days, most businesses have websites. But surprisingly, the IRS hasn’t issued formal guidance on when website costs can be deducted. Fortunately, established rules that generally apply to the deductibility of business costs provide business taxpayers launching a website with some guidance as to the proper treatment of the costs. Plus, businesses can turn to IRS guidance that applies to software costs.
In the climb from contributor to leader, the rules quietly change. But if you’re aiming for the summit, the air gets thinner, and what got you here won’t be enough to get you to the top. 🗻 What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level. The higher you go, the more your effectiveness depends on how you connect, adapt, and communicate.
We are excited to announce that we have been chosen by the Georgia Society of CPAs to speak at two events this fall and exhibit at this week’s Southeastern Accounting Show ! “We are excited to work with GSCPA at these three events” explained TaxConnex Partner and Chief Revenue Officer, Brian Greer. “It’s been a long time since these events have been in person and we’re glad to be back out there speaking and meeting with our partners, clients, and future clients.
Many people wonder how they can save taxes by transferring assets into their children’s names. This tax strategy is called income shifting. It seeks to take income out of your higher tax bracket and place it in the lower tax brackets of your children. While some tax savings are available through this approach, the “kiddie tax” rules impose substantial limitations if: The child hasn’t reached age 18 before the close of the tax year, or The child’s earned income doesn’t exceed half of his or her s
It’s important to make sure that your startup's I-9 verification plan complies with the new regulations going into effect October 31, 2022. The post Important Changes to I-9 Verification appeared first on Burkland.
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It’s important to make sure that your startup's I-9 verification plan complies with the new regulations going into effect October 31, 2022. The post Important Changes to I-9 Verification appeared first on Burkland.
First in our Payroll and Benefits Software/Apps mini-series is ADP. From basic payroll to a full suite of HR tools, it offers services most small- to medium-sized businesses need.
You most likely have bought yourself a short amount of time with this employee before the same issues that caused them to look happen again. The post Why Creating a New Job to Retain Someone Can Be a Bad Idea appeared first on Burkland.
If you’re a business owner, employer, or both, you need to know what’s going on in your state. There are many state tax systems that you must follow to remain compliant and avoid penalties. So, how can you possibly keep up? Brush up on the systems and your responsibilities below. 5 State tax systems If […] READ MORE.
The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.
Newly released Ignition research helps quantify the financial and mental cost of avoiding or delaying uncomfortable discussions in the professional services industry.
What Is Virtual Bookkeeping? Virtual bookkeeping is the process of maintaining your financial records. It’s a lot like traditional bookkeeping, but what makes it special is that it’s totally online. Virtual bookkeeping is both flexible and convenient—no muss, no fuss with an in-person consultant or the usual paper trail—and provides access to expertise you may not otherwise find in your area.
Finance used to be the function that counted, now it's the one that’s counted on. 📊 For accounting firms, controllers, and finance leaders, expectations are rising faster than headcount. Businesses want agile forecasts, granular analysis, seamless reporting, and smart automation—often without added resources while demanding uncompromised accuracy and compliance.
7 min read. In life, we encounter and assess risk all the time. In fact, for human beings, risk assessment and risk-taking are somewhat second-nature since we constantly evaluate situations and play-out potential futures in order to make decisions.
One of the best ways for a business to improve its productivity and efficiency is through automating processes that help a company accomplish more and advance its goals. NetSuite automation can provide all of that and more by making processes faster, improving morale through better efficiency, and shifting important resources to areas where they are more valuable.
Great leadership development is the key to sustainable business growth. Are you ready to design an effective program? HR can use Paycor’s framework to: Set achievable goals. Align employee and company needs. Support different learning styles. Empower the next generation of leaders. Invest in your company’s future with a strong leadership development program.
It will surprise no one that taxpayers are always looking to minimize their tax bill. It’s the means that is used to minimize the tax bill that gets people in trouble. The biggest hammer the IRS has is a Fraud Referral to the Criminal Investigation Division. The Internal Revenue Manual addresses a number of the actions that a taxpayer can take that may be considered fraudulent.
Distributed finance teams are rewriting how the back-office runs, and attackers are taking notes. Disconnected workflows, process blind spots, and rising cyber threats are more than just growing pains—they’re liabilities. The challenge isn’t just going remote. It’s building resilient systems that protect accuracy, control, and speed across every transaction and touchpoint.
The cloud ERP company demonstrates its commitment to improvement with semiannual product update that improves usability, breaks geographic boundaries and enhances vertical targeting.
As a small business owner, you already have enough on your plate. There’s no reason to hold on to accounting software that doesn’t meet your needs. Changing accounting software can make your business’s day-to-day run smoother than ever. So, how do you do it? Read on for the scoop. Reasons for changing accounting software There’s […] READ MORE.
Before you can achieve success, you have to define it. Objectives and Key Results (OKRs) give you the framework to do just that. Paycor’s free guide includes a step-by-step process leaders can use to work toward – and achieve – their loftiest business goals.
DMCL is proud to announce our role as the Presenting Sponsor for the 2022 Greater Vancouver Food Bank ‘s (GVFB) Fore for Food annual fundraising tournament on August 24, 2022 at Golden Eagle Golf Club. At the heart of our firm, we’re a group of people who live, work and play in our communities. Recognizing this, it’s important to us that we take care of the places that we call home.
Did you pay any vendors this year? There are many types of payments, ranging from rents to prizes and awards. And if you did pay a vendor, you might be required to file Form 1099-MISC. So, what is IRS Form 1099? What is IRS Form 1099? IRS Form 1099 is a series of tax form […] READ MORE.
Here’s a fun one from Fishbowl today: Thankfully someone pointed out how bizarre it is for someone to have worked at Big 4, a small firm, and GT, BDO, and RSM. OP clarified that they only worked for Grant Thornton — which they called “awful and primitive” — and lumped similar size firms together as an example of the type of firm they had experience working for.
The right software integrations can cut costs, increase productivity, and expand seamless communication across your accounting firm. Looking for the right practice management software for your accounting firm? Be sure to check out the integrations. Here are 3 integrations your practice management software needs.
Documents are the backbone of enterprise operations, but they are also a common source of inefficiency. From buried insights to manual handoffs, document-based workflows can quietly stall decision-making and drain resources. For large, complex organizations, legacy systems and siloed processes create friction that AI is uniquely positioned to resolve.
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